https://traffic.libsyn.com/secure/intellectualinvestor/My_Interview_with_WorldClassPerformer_v1_2021-03-13.mp3 Vitaliy was recently interviewed by the website WorldClassPerformer.com. What follows are a series of questions about him, his background, influences and habits. While he answered these questions truthfully, you shouldn’t think that he doesn’t have a lot of room for improvement. A more appropriate interview title would have been: “Flawed, but Relentlessly Curious and Hopefully Always Improving Performer”. You can read this interview online here: https://contrarianedge.com/my-interview-with-worldclassperformer-com/ Originally posted here: https://worldclassperformer.com/short-life-lessons-from-vitaliy-katsenelson/     The post My Interview with WorldClassPerformer.Com – Ep 116 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Time_for_an_All-Terrain_Investment_Portfolio_v1_2021-03-04.mp3 If the investing road ahead (e.g. the stock market) is smooth, up and to the right, then making money in stocks will continue to be easy. But if things get more rocky, you’re going to need the investment equivalent of an All Terrain Vehicle. In this podcast, Vitaliy explains how he achieves this portfolio ruggedness at his firm, IMA. You can read this article online here: https://contrarianedge.com/time-terrain-investment-portfolio/   The post Time for an All-Terrain Investment Portfolio – Ep 115 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Go_Ahead_Covet_Your_Neighbors_Wife_v1_2021-02-28.mp3 Vitaliy recently asked another value investor if he wanted Warren Buffett’s success. While this may seem like a rhetorical question, the truth is many value investors are quietly envious of Buffett. In this podcast, Vitaliy shares an old piece of Jewish wisdom on how to deal with envy, and how Stoics use a special technique to internalize the good qualities of someone you admire. You can read this article online here: https://contrarianedge.com/go-ahead-covet-your-neighbors-wife/ The post Go Ahead, Covet Your Neighbor’s Wife. – Ep 114 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/The_Renaissance_of_Pipelines_and_Our_Sell_Discipline_v2_2021-02-22.mp3 At first, investors loved them. Then, they hated them. Now, investors have left them for dead. Oil and gas pipeline companies are anything but popular. But they are essential businesses, with rising free cash flow and substantial dividend yields. In this podcast, Vitaliy walks you through IMA’s recent investment in oil pipelines, and then gives an overview of his firm’s sell discipline. You can read these articles online here: https://contrarianedge.com/the-renaissance-of-pipelines/ and https://contrarianedge.com/our-sell-discipline/. Disclosure: Read this before you buy your next stock     The post The Renaissance of Pipelines and Our Sell Discipline – Ep 113 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Girls_Gambit_v1_2021-02-13.mp3 It all started after Vitaliy’s daughter, Hannah, watched The Queen’s Gambit for a homework assignment. She told Vitaliy he had to watch it. He did, and loved it. But then Hannah said, “Dad, let’s play chess!” In this podcast, Vitaliy explores his daughters’ new found interest in the game, and the connection his family has to chess as part of Russian culture. You can read this article online here: https://contrarianedge.com/girls-gambit/ The post Girls’ Gambit – Ep 112 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Portfolio_Construction_Macro_and_Chess_-_Interview_with_Angelo_Robles_v1_2021-02-05.mp3 Vitaliy recently had the pleasure to sit down with Angelo Robles of the Family Office Association. In this interview, Angelo and Vitaliy discuss Vitaliy’s approach to portfolio construction, how value investors should think about the macroeconomy, how the stock market during the pandemic reminded Vitaliy of chess, and of course, Tesla. We hope you enjoy it! You can watch the complete interview here: https://www.youtube.com/watch?v=kH6mFFyozCA&t=190s Disclosure: Read this before you buy your next stock   The post Portfolio Construction, Macro, and Chess: Interview with Angelo Robles – Ep 111 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Value__Growth_Demagogues_v1_2021-01-30.mp3 Vitaliy has a problem with both value- and growth investing demagogues. While value demagogues tend to believe any company that trades at a P/E above the market average is too frothy, growth demagogues claim that price doesn’t matter. In this podcast, Vitaliy explains how both camps can be too narrow minded, and how investors should learn from the best of both sides when selecting companies to buy. You can read this article online here: https://contrarianedge.com/value-growth-demagogues/   The post Value & Growth Demagogues – Ep 110 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Dont_Be_a_Sophist_v2_2021-01-25.mp3 The Winter 2020/21 Client Letter that Vitaliy just sent to IMA clients was 27 pages long. Over the next few weeks, he’ll share excerpts from the letter with you, our dear podcast listeners. These excerpts will not focus as much on individual “fish” (stocks) as they do on “how to fish.” In this podcast, Vitaliy discusses why he writes such long letters, and how to use a Stoic technique to help manage the emotions that come with the stock market. You can read these articles online here: https://contrarianedge.com/why-do-i-write-a-27-page-letter-to-clients/ and https://contrarianedge.com/dont-be-a-sophist/.   The post Don’t Be a Sophist, and Why I Write 27 Page Letters to Clients – Ep 109 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/A_Shift_in_Perception_Transforms_Reality_v1_21-01-07_MP3.mp3 2020 will go into our memory banks as a very painful year. Stoicism, particularly the stoic practice of negative visualization, helped Vitaliy put 2020 into a broader historical context, and compare what happened, which was bad, to what could have happened. In this podcast, Vitaliy walks you through how Stoicism helped him put a challenging year into perspective. You can read this article online here: https://contrarianedge.com/a-shift-in-perception-transforms-reality/   The post A Shift in Perception Transforms Reality – Ep 108 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/McKesson_-_Amazon_Will_Not_Throw_This_Drug_Railroad_Off_The_Tracks_v1_20-12-17_MP3.mp3 Amazon.com has announced an online pharmacy offering. How big of a punch could this be to drug distributors McKesson, Cardinal Health and AmerisourceBergen? In this podcast, Vitaliy takes you through why he believes these businesses will be resilient to any potential attacks from Amazon, with a particular focus on McKesson. You can read this article online here: https://contrarianedge.com/mckesson-amazon-will-not-throw-this-drug-railroad-off-the-tracks/ Disclosure: Read this before you buy your next stock   The post McKesson: Amazon Will Not Throw This Drug Railroad Off The Tracks – Ep 107 appeared first on The Intellectual Investor.